Open skies cloudy as DOT withdraws foreign control proposal

Bowing to domestic political pressure exacerbated by the Democrats' rise to power in last month's midterm elections, the US Dept. of Transportation yesterday abandoned its 13-month effort to ease restrictions on foreign control of domestic airlines, delivering a setback to a potential open skies agreement with the EU.
One week after a group of House aviation and transportation committee members sent a letter to the White House warning that imposing the rule "in the face of bipartisan ...

Settling into his new role as the head of IATA, director general and CEO Alexandre de Juniac has made clear his frustration with government policies that fail to recognize the value of aviation....More

The world’s airlines will continue their streak of collective profitability in 2017, but anticipated higher costs, coupled with a sluggish global economy that lead IATA forecasters to believe next year’s industry net profit will be almost $6 billion lower than 2016’s expected profit....More